VTB 24 Will Sell Overdue Loans to Debt Collectors in August

"VTB 24" is the second largest retail bank in Russia expects to close the sale of overdue loans to the population at 6.8 billion rubles to debt collectors by the end of August. 

The bank plans to sell non-collateral loans with the small size of the remaining debt: pools of loans in cash and credit card debt. These loans are not concentrated in any one region, and dispersed throughout the country.
The bank's loan portfolio increased by approximately 5% in 2010 and amounted to 487 billion rubles. The portfolio will be actively growing in the second half of 2010, and the annual increase will reach 15-20%. At the beginning of this year, this portfolio amounted to 464 billion rubles.